8597. Northern Trust Company (Minneapolis, MN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust
Start Date
April 18, 1899
Location
Minneapolis, Minnesota (44.980, -93.264)

Metadata

Model
gpt-5-mini
Short Digest
64c2835654065a08

Response Measures

None

Description

All articles describe the Northern Trust Company of Minneapolis as insolvent and in the hands of a receiver (Daniel Fish). There is no mention of a depositor run or temporary suspension/reopening; instead the company is described as insolvent with receivers prosecuting suits, indicating a closure/receivership. Dates of receivership are not explicitly stated; articles from Apr–Jun 1899 and Oct 1900 reference the receiver handling litigation.

Events (1)
1. April 18, 1899 Receivership
Newspaper Excerpt
suits brought ... in the Northern Trust company of Minneapolis, Minn., now in the hands of receivers, brought in the superior court ... Lawyer E. B. Bennett of Hartford brought the suits in this state in behalf of Daniel Fish of Minneapolis, receiver of the company.
Source
newspapers

Newspaper Articles (3)
1. April 18, 1899 The Daily Morning Journal and Courier New Haven, CT
Article from The Daily Morning Journal and Courier, April 18, 1899

Click image to open full size in new tab

Article Text

IN AND ABOUT THE COURTS $30,000 SUIT PRACTICALLY SETTLED BY JUDGE ROBINSON: Important Motion Denied-Will of the Late Professor O. C. Marsh Likely to be Contested by a Disinherited NephewE. S. Ferry Has Filed a Petition in Bankruptey-City Court Doings. Suits brought against five defendants, residents of this city and Meriden, to recover on stock subscriptions in the Northern Trust company of Minneapolis, Minn., now in the hands of receivers, brought in the superior court in this county, have practically been disposed of by a decision made by Judge Robinson on a motion by Lawyer Edward H. Rogers, counsel for all the defendants. The amount involved was about $30,000. Lawyer E. B. Bennett of Hartford brought the suits in this state in behalf of Daniel Fish of Minneapolis, receiver of the company. The defendants are Andrew H. Smith and Henry Rogers of New Haven, Matilda C. Gilbert of East Haven, and Rufus S. Bishop and P. F. Murphy of Meriden. Lawyer Rogers made the point in his answer that the receivers had either resigned or were discharged and that the orders authorizing the suits in Connecticut was no longer in force. Lawyer Bennett made a reply to the answer and Mr. Rogers moved that it be expunged because it raised no issuable or transible matter and Judge Robinson granted the motion. TO CONTEST THE WILL. It is understood that the will of the late Othniel C. Marsh, professor of palentology at Yale, is to be contested by his only heir, R. H. Waters of Newburyport, Mass. Ex-Judge William B. Stoddard and Attorney Spalding of Boston have been retained as counsel. The hearing was assigned for to-day before Judge Cleaveland, but counsel for Mr. Waters will ask that it be postponed until May, in order that some relatives now traveling in California may be present as witnesses. In the will Mr. Waters is not mentioned at all, but substantially everything is bequeathed to Yale university. There is a bequest of $10,000 in favor of

2. June 29, 1899 The Daily Morning Journal and Courier New Haven, CT
Article from The Daily Morning Journal and Courier, June 29, 1899

Click image to open full size in new tab

Article Text

IN AND ABOUT THE COURTS JUDGE ROBERTSON HOLDS THAT RECEIVER FISH CANNOT SUE. Fayerweather Will Case Reopened-New Cases in Court of Common PleasBristol Refused Ball in City CourtOther News of the Courts. Judge Robinson has handed down a decision on the motion which was made at the short calendar session in the three cases of Daniel Fish, receiver for the Northern Trust company of Minneapolis, Minn., against Henry Rogers, Ebenezer Gilbert and Andrew H. Smith. The motion was to throw the cases out of court on the ground that the plaintiff did not have the power to continue them. The suits were brought by the receiver of the company, which is insolvent. The defendants are stockholders and have paid only half the amount due on their stock. The Minnesota courts decreed that the stockholders should pay the remainder of the money due, but these men refused to comply with the order. The court now holds that the receiver has not the power to continue the suits, as he is officially dead. There is another question whether the assignees or the receiver can prosecute the suits in their names, which is not decided by the court, as he says they have not yet made a request to be allowed to do SO. OTHER NEWS OF THE COURTS. The following new cases were entered on the docket of the court of common pleas for the June term yesterday: Ellen Lawlor against John T. O'Brien; Emil Adler VS. Frederick E. Adler; the City Lumber and Coal company VS. Margaret A. Dougherty; Robert C. Bright vs. Charles W. Ives; G. Franklin Hoyt vs. George W. Bromley. A. R. Morgan of Waterbury has brought suit against the New York Building and Loan association for $2,300 damages. The writ doesn't state the reasons for the action. Deputy Sheriff Beach yesterday attached the Elm street property formerly belonging to Jeremiah Sullivan. Corporation Counsel Ely is making every effort to finish the hearing of the evidence in the suit of James J. Geary against the city of New Haven during his term of office, which will expire on July 1. Ex-Congressman Sperry of Hartford, who is taking the evidence as a committee of the superior court, continued the hearing yesterday. The case Les BOTE in

3. October 26, 1900 The Daily Morning Journal and Courier New Haven, CT
Article from The Daily Morning Journal and Courier, October 26, 1900

Click image to open full size in new tab

Article Text

# THE SUPREME COURT. Two New Haven County Appeals Argued Yesterday. Bridgeport, Oct. 25.—The supreme court of errors heard two cases yesterday, both New Haven county suits. The first was that of Daniel Fish, receiver of the Northern Trust company, insolvent, of Minneapolis, Minn., against Andrew H. Smith of New Haven, which was up on defendant's appeal. The plaintiff sued to recover $500, the unpaid portion of $1,000 of stock in the Trust company held by the defendant, who refused to pay the balance when it was called after the company got into difficulties. The plaintiff secured judgment in the New Haven county superior court for $591.50, and costs. E. B. Bennett for plaintiff, Rogers and Matthewson for defendant. The second case was that of Charles N. Morgan of New York against the Randolph & Clowes company of Waterbury. The plaintiff sued for $1,000 for legal services and in the superior court judgment was given for the defendant to recover costs. The case is before the supreme court on the plaintiff's appeal. Rogers for plaintiff, Burpee & Carmody for defendant.